SINGAPORE—The founder of Singapore’s Hotel Properties Ltd. is partnering with a unit of Hong Kong real-estate group Wheelock Co. to buy out the hotel developer in a deal that values the company at about US$1.4 billion.
The bid—led by Hotel Properties Managing Director Ong Beng Seng and Wheelock Properties (Singapore) Ltd.—is the latest in a series of acquisitions this year by large shareholders seeking full control of…
Tycoon, Wheelock to Buy Out Singapore Hotel Developer
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